PGIM

PGIM Fixed Income

PGIM Fixed Income is the fixed income investment arm of PGIM, with $968 billion in assets under management as of December 31, 2020.[7] PGIM Fixed Income focuses on investing in the global fixed income markets through offices in the US, London, Amsterdam, Zurich, Munich, Hong Kong, Tokyo and Singapore.

Jennison Associates

Founded in 1969, Jennison Associates is the fundamental equity investment arm of PGIM, with $194 billion in assets under management as of April 2024.[8] The firm also invests in active fixed income, with approximately 30% of its total AUM invested in non-equity securities.[9] Jennison has offices in New York and Boston.[10]

PGIM Quantitative Solutions

PGIM Quantitative Solutions, formerly QMA,[11] is a subsidiary of PGIM that provides quantitative equity and global Multi-Asset solutions. Founded in 1975, it has $120 billion in assets under management as of December 31, 2020.[12]

PGIM Quantitative Solutions uses factor investing in its quantitative process. The firm has drawn attention to their approaches to behavioral bias and momentum investing, unstructured data analysis,[13] and more recently ESG.[14] In 2016, QMA developed Target Date glidepaths and Prudential launched Day One Target Date Funds for retirement investors.[15]

In January 2019 PGIM acquired Wadhwani Asset Management and merged it with the QMA unit, creating QMA Wadhwani LLP.[16][17]

PGIM Quantitative Solutions is headquartered in Newark, NJ, with locations in San Francisco, CA and London.[18]

PGIM Private Capital

PGIM Private Capital manages $101 billion in private placements and mezzanine debt as of December 31, 2020.[19]

PGIM Real Estate

PGIM Real Estate is the global real estate investment arm of PGIM, with professionals in 32 cities around the world. The firm has consistently been the largest manager of worldwide institutional assets according to Pensions & Investments, an industry publication.[20][21]

In 2020, PGIM Real Estate merged their debt and equity businesses.[22]

As of December 31, 2020 net AUM for PGIM Real Estate was $180 billion.[23]

PGIM Investments

PGIM Investments is the retail distribution division of PGIM and offers investment advisory services for investments, assets and portfolio management.[24]

In 2018, PGIM Investments entered the exchange-traded fund space with the launch of the PGIM Ultra Short Bond.[25]

As of December 31, 2020, the firm had recorded mutual fund assets under management of $160 billion, with $21.7 billion in net mutual fund flows.

PGIM Global Partners

Established in 1998, PGIM Global Partners operates asset management companies outside the US, with assets valued at $96 billion as of March 2020.[26]